7/17/2019, 9:15 AM (Source: TeleTrader)
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European stocks decline on Trump's trade comments

European stocks declined in early trading on Wednesday after United States President Donald Trump sparked fresh trade concerns by saying Washington still has a "long way to go" before resolving its trade dispute with Beijing. Trump also warned the US could impose import tariffs on an additional $325 billion worth of Chinese products. On the data front, investors awaited inflation figures from the Eurozone and the United Kingdom.

The FTSE 100 lost 0.14% at 9:14 am CET. Johnson Matthey led the losses as its stock dropped 3.07% at 9:15 am CET. The DAX fell 0.19% at 9:15 am CET with ThyssenKrupp, down 1.64% at 9:16 am CET, as the worst performer. The CAC 40 dipped 0.03% at 9:15 am CET as ArcelorMittal slid 2.08% at 9:15 am CET.

The euro traded flat against the dollar, going for 1.2080 at 9:18 am CET, while the pound decreased by 0.15% compared to the US currency to sell for 1.23884 at 9:19 am CET.

Breaking the News / NP